When the iPad was announced many people wondered what you could do with an over-sized iPod, well it seems the news paper industry has found a use for it. During a conference call Rupert Murdoch, CEO of News Corp, announced that the Wall Street Journal (WSJ) app has 64,000 users after just one month.

The WSJ app for the iPad is free to download but access is limited, you have to fork out $18 a month for full access through the application. During the call Rupert mentions that with iPad subscribers all $18 goes to News Corp, the WSJ's parent company, unlike the Kindle which keeps a portion of the subscription fee before passing the rest to News Corp.

To finish off the call Rupert made one last announcement according to PaidContent, he said, "We’re in final discussions with a number of publishers, device makers and technology companies. We will soon develop an innovative subscription model to deliver digital content to consumers wherever and whenever they want it." He mentioned the digital content will include news and entertainment. When asked if the new service would compete with iTunes he confirmed it would.